Fundraising

The two Salt Lake City firms completed the acquisition of MITY Enterprises, an industrial furniture supplier.

The Swedish government’s buffer funds, which underpin the country’s pension system, want to plough more money into private equity after the asset class helped them generate strong returns in the first six months of 2007.

Dubai-based buyout firm Abraaj Capital will hold the second close of its infrastructure and growth capital fund in September, and is on course for a final close on $2 billion by the end of the year.

Sir Richard Branson’s Virgin Group is making its first ever foray into institutional private equity, raising a $400 million Virgin Green fund to invest in renewable energy opportunities.

John Stomber, chief executive of Carlyle Capital Corporation, has apologised to shareholders about poor communication of portfolio troubles as its parent makes its second loan in a week.

Ian Armitage, chief executive of UK buyout firm HgCapital, is moving upstairs to become chairman in a reshuffle that will see TMT head Nic Humphries promoted into the top job. There have also been seven other promotions as the firm looks to reward its up-and-coming talent.

Dubai-based buyout firm Abraaj Capital will hold the second close of its infrastructure and growth capital fund in September, and is on course for a final close on $2 billion by the end of the year.

Investment management firm Aetos Capital has committed $50m to Tian Rui Hotel Corporation to develop its Super 8 economy hotel brand.

Emerging markets buyout firm Aureos is looking to raise a pan-African fund as it aims to double its funds under management.

The recently unveiled Pan-African Infrastructure Development Fund has received a significant investment from the South African Government Employees’ Pension Fund.